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Value Engineering Applications in Transportation (2005) / Chapter Skim
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Pages 4-6

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From page 4...
... Many transportation agencies now have project delivery strategies in place that incorporate VE and, in some cases, project funding approvals that are selectively tied to the completion of VE studies. The use of VE as a project management tool continues to grow and could be further enhanced by sharing information on the application and management of current VE practices and programs in North America.
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From page 5...
... A discussion of the required skill sets of the VE Team Leader and the technical specialists is presented as well. FHWA currently tracks the specifics of VE studies performed by the STAs on the National Highway System (NHS)
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From page 6...
... , product, or (process) , establish a worth for that function, generate alternatives through the use of creative thinking, and provide the needed functions to accomplish the original purpose of the project, reliably and at the lowest life-cycle cost without sacrificing safety, necessary quality, and environmental attributes of the project (also referred to as value analysis, value engineering, value planning, and value management)
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Key Terms

  • value engineering
  • project management
  • cycle cost
  • value engineer
  • national highway

  • highway projects
  • project cost
  • project delivery
  • management tool
  • project selection

  • highway transportation


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